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projectFP086

Green Cities Facility

11923000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation & Adaptation
GCF results areas
  • Energy generation and access
  • Transport
  • Buildings, cities, industries and appliances
  • Livelihoods of people and communities
  • Infrastructure and built environment
UN Sustainable Development Goals
  • #3 Good health and well-being
  • #5 Gender equality
  • #6 Clean water and sanitation
  • #7 Affordable and clean energy
  • #8 Decent work and economic growth
  • #9 Industry, innovation and infrastructure
  • #11 Sustainable cities and communities
  • #13 Climate action
  • #17 Partnerships for the goals

Location & People

Regions
  • Eastern Europe
  • Asia-Pacific
  • Africa
Countries
  • Albania ALB
  • Armenia ARM
  • Georgia GEO
  • Jordan JOR
  • Mongolia MNG
  • Republic of Moldova MDA
  • Serbia SRB
  • North Macedonia MKD
  • Tunisia TUN
Beneficiaries (approx.) 23,231,000

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
Co-Financing
  • European Bank for Reconstruction and Development Loan USD
  • Local contributions   USD
  • Donor finance Loan USD
  • Donors / Swedish International Development Cooperation Agency Grant USD

Project owners

Accredited Entity Executing Entity
  • European Bank for Reconstruction and Development
  • National governments
  • Municipalities
Green Cities Facility Approved October 2018 Est. implementation period 15.0 years
Enabling the transition of cities to low-carbon, climate-resilient urban development.

Urban areas account for approximately 70 percent of the global energy consumption and about 75 percent of emissions due to the density of infrastructure and their often path-dependent development patterns. While this makes cities vulnerable to the impacts of climate change, cities can also play an important role in taking on climate change mitigation and adaptation actions.

Green Cities minimise environmental impact and maximise opportunities to improve and support the natural environment. Green Cities are energy efficient and reduce reliance on non-renewable energy sources, actively encourage waste reduction and management, include green and resilient infrastructure, low carbon transport, water cycle management and deliver improved quality of life outcomes for residents.

There is not a uniform definition ‘Green City’. However, there are several central themes that help to shape and define what a Green City is. Such themes include energy efficiency (including built form) and reducing reliance non-renewable energy sources, sustainable and low carbon transportation systems, green, resilient infrastructure, waste reduction and management, increased green areas, water cycle management and integrated planning. How a city develops as green varies across geography, sector and pace at which it occurs. Decisions taken by city leaders on where, what and how investment will be directed to support green development needs to be considered adopting a system-based approach. A system-based approach recognises the interconnectedness of sectors and the importance of sequencing. It also recognises that cities will evolve to different levels of ‘green’ at different rates and that this development is not uniform.

Hence, transitioning to a path of low-carbon development can be challenging as municipalities face financial constraints for funding sustainable urban infrastructure. Under this project, 10 cities which have higher than average energy and carbon density, and are facing a range of environmental and social issues, will have access to a Green Cities Facility. The Facility will help address the cities’ climate change challenges while building the market case for private sector investments in sustainable infrastructure. It will provide concessional financial instruments that will allow ambitious investments in climate-resilient urban infrastructure such as district heating/cooling, low-carbon buildings, and solid waste management. 

The project has an estimated lifespan of 23 years.
Type
Document title
Published date
ESS report FP086 - EBRD - Albania, Armenia,Georgia, Jordan, Macedonia, Moldova, Mongolia, Serbia and Tunisia 27 Sep 2018
Approved funding proposal FP086 - EBRD - Multiple Countries 28 Nov 2018
Gender action plan FP086 - EBRD - Multiple Countries 10 Jan 2019
Gender assessment FP086 - EBRD - Multiple Countries 10 Jan 2019
Accredited Entity
  • European Bank for Reconstruction and Development (EBRD) Mr. Alexis Franke Tel: +44 20 7338 6004 Mr. Jan-Willem Van de Ven Tel: +44 20 7338 7821
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